Indus Towers shares down 0.06% as Nifty falls

Shares of Indus Towers Ltd. rose 0.06 per cent to Rs 243.35 in Friday’s commerce. It hit an intraday excessive of Rs 244.9 and low of Rs 241.6, respectively, in the course of the day.

The inventory quoted a 52-week excessive value of Rs 282.0 and low of Rs 161.3.

As of 01:57PM (IST), the counter noticed complete traded quantity of 66,503 shares with a traded worth of Rs 1.61 crore, in keeping with NSE.

The inventory had closed at Rs 243.5 within the earlier session.

The scrip has superior 0.52 per cent prior to now one month until date, whereas the benchmark BSE Sensex has gained 4.7 per cent throughout the identical interval.

According to trade information, the inventory traded at a price-to-earnings (P/E) a number of of 17.4 whereas price-to-book ratio stood at 2.19. A better P/E ratio exhibits that buyers are prepared to pay the next value for per rupee earnings given by the inventory due to higher future development expectations. The price-to-book worth signifies the inherent worth of an organization and it displays the value buyers are able to pay even for no development in a enterprise.

The inventory belongs to the Telecommunications – Allied Services trade.

Promoter/FII Holding
Promoters held 41.73 per cent stake within the firm as of 31-Mar-2021, whereas FII and MF possession within the agency stood at 27.08 per cent and 0.25 per cent, respectively.

Key Financials
The firm reported consolidated gross sales of Rs 6569.1 crore for the quarter ended 31-Mar-2021, up 58.61 per cent from the earlier quarter’s Rs 4141.6 crore and up 281.77 per cent from the year-ago quarter’s Rs 1720.7 crore. Its web revenue for the most recent quarter stood at Rs 1363.7 crore, up 109.96 per cent from the identical quarter a yr in the past.

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